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From Muskoka Unimited: Which tax rate hits hardest?

From Muskoka Unimited: Which tax rate hits hardest?

Posted: 2023-05-04 13:59:04 By: thebay

From Muskoka Unlimited: 

Muskoka Unlimited did a comparison of Muskoka’s lower tier municipalities

Every town and township in Muskoka, as well as the District and board of education, saw property tax rates increase this year. Though incremental in nature, as the reality is a $20 to $40 increase per annum on the tax bill, they still add up year over year.

With that in mind, we decided to compare the real dollar value impact of each lower tier municipality tax rate.

Choosing a median of $100,000 per assessed residential property for ease of comparison, it must be acknowledged some municipalities have higher property values than others. For instance, the Township of Muskoka Lakes boasts over $10 billion (yes, billion) of assessed residential properties – much more than any other municipality in the region.

Still, if one is concerned about the tax rate impact when choosing where to live or where to cottage, this information can be useful.

Note that everyone in the District of Muskoka will pay both an upper tier District tax and an education portion in addition to their lower tier property tax.

The District of Muskoka 2023 tax is $308.23 per $100,000 of assessed residential property (up from $297.61 in 2022) and the education tax is $154.77 this year (up from $153 in 2022).

So, how does it all look? Well, residents in Muskoka Lakes ($130.12 per $100,000 for the township portion) and Huntsville (around $428 per $100,000) should be relatively happy about where their property taxes stand compared to the rest of the District.

Find out how it all breaks down at: https://muskokaunlimited.com/2023/04/20/which-tax-rate-hits-hardest/